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and are not participating anymore. dennis: how is it that a person decides and not even going to look for work and yet they can still eat. obviously these must be secondary jobs. a 2-income household. >> unnecessarily. hopefully it would be, but it is not necessarily so. they are essentially young people at the beginning of their life cycle who have decided to go back to school. student loans are growing at a rapid pace simply because and people cannot find work stuff, so they go back to school and get that message degree that would get the mcjob. and older people are running those down so that there prematurely running down their retirement assets. when they're 65 they have to rely on social security. the participation rate among the elderly, people over 65, when you're older than me, that is rising. more seniors are going back to work because they don't have the assets they need in this lousy economy. hopefully this boom will help give them a break. there is still the zero interest-rate. dennis: just to explain to the people, the reason the unemployment rate goes down which is a good thing, when the
and disclosure, the government wants to regulate this. if it is an ad, have to say it is an ad. somehow dennis kneale has a problem with all this. connell: we are happy to give dennis a venue. plus, the cyber threat. we heard it last week, now here it is, issue number one for many ceos. many have met with president on this very issue coming up. first a look at currencies and how they are faring against the dollar today. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's jusone reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge
the dennis: i am dennis kneale. lori: i am lori rothman. flipping ahead of the all important jobs report. dennis: spring cleaning at facebook. we are live at the social media giant headquarters has facebook unveils its new look. lori: president obama steps up. the hopes reuniting talks i installed budget deal. dennis: how to break out of the office grind. we have had some well researched tips on how to stay health happe job. lori: time to check in with nicole celebrating a major milestone with 25,000 hits today. nicole: up one third of 1%. all three major averages have hit, record highs for a certain extent, nasdaq and s&p multiyear highs, all-time record intraday highs. they felt their lowest level in more than a month in the week, so that is some good news. productivity and labor cost basically shows americans are working long hours, but extremely productive. take a look at names of the dow jones industrials actually hitting multiyear highs, names including pfizer, johnson & johnson, boeing, jpmorgan. the highest levels since before the recession hit, so jpmorgan getting a nice
around here. welcome, then this field. dennis: sam stovall for bulls and bears alike. what that signals for the market. melissa: kevin brady joins us with his warning on america's growing debt problem. dennis: president obama black on capitol hill for the third straight day. after rounds of discussions, are we anywhere closer to a budget deal? will dobbs has that story. melissa: carnival having yet another problem with one of its ships. dennis: time for stocks now as we do every 15 minutes. our own nicole petallides is standing by. nicole: we are really seeing another wedding day here on wall street. we got good economic numbers. many of these people are surprised. to see up arrows again and had the eighth consecutive record all-time close for the dow. we are up about 62 points right now. not too far off from our session and all-time highs. some of the names that are helping the dial along our hewlett-packard, chevron and ibm. this is a five-year chart. you can see we are up about 120% off the lows for the dow jones industrials. obviously, now at 14500, much better than 6500. back to yo
throughout the day from california. the business covers with dennis kneale and cheryl casone. they are looking at the gambling business. they will be taking investment questions in this area. go to, send in questions via twitter. the app fox business account. you can do that right now, if you would like. dagen: samsung meantime debuting its newest smart phone, the samsung galaxy s4. connell: shibani joshi got a chance to take a look at it. we talked yesterday about whether or not this is an iphone killer. shibani: i think this can work. the geeks out there, thh phone geeks, just like myself, they were excited about this unveiling. they showcased the brand new smart phone that everybody wanted to see. the samsung galaxy s4. part tablet, part phone. it is now eyes that do the moving. this phone, across the board, being called heavier, dancer, just a clunkier iphone. not too impressed. is this the iphone killer? >> we try to make sure that we do not characterize our device with competitors. we are trying to demonstrate the very unique features of it. shibani: the phone is availa
it is going back to how they handled the letterman leno changeover. it is not even the same management. dennis: the son of a legendary broadcaster. steve burt has a real problem on his hands. the today show is a half a billion dollar a year business. you have this with devastating cover story in new york magazine . it reports that lower himself may go over and pervasive alec trebek. and curry got blamed for this. you have to see what they will do to fix the problems. dagen: i can't wait to see how many bodies end up under that bus. dennis: can not survive? dagen: i do not know. dennis: likability is the single most important currency in early morning. dagen: thank you. dennis kneale. going back to nicole petallides at the new york stock exchange with blackberry. a surprise today. a good one, in fact. nicole: blackberry and five below. here is a look at blackberry. the sales that they have been seeing -- they have that million unit order. you see the stock with an up arrow. let's take a look at philadelphia five below. it is a discount store. very favorable with the teams. margin edge downward.
software. so there's those stocks today. symantec is up, check point is down. next week, dennis kneale will be talking. dagen: stocks now and sandra is looking at food stocks. new all-time highs. >> yeah. on a down day for the markets, food stocks considered a safe haven by many investors. they continue to get a lot of attention. hershey and hormel hitting all-time highs in today's session. con ag ra hitting a 15-year high. they're outperforming the 6% gain of the broader stock market as the measure by the s&p 500. but guys, this is investors buying stocks, names that they know. hershey the name band -- candy bar. investors really flocking to the names they're comfortable with and that they know right now. while you're seeing those green arrows, broader stock market in the red. take note we're well off session lows and in fact, the nasdaq looking like it might kick into positive territory, just down about .2% right now. so continue to watch that. back to you. dagen: thank you. connell: as if washington doesn't have enough on its plate, a winter storm being dubbed the snow quester. dag
and florida that still have a chance in it. final four coverage, this is interesting, dennis is here. final four coverage could be moving off of network to cable. dennis: under the 16-year contract that cbs shares for march madness with turner, time warner's turner outlooks, it's going to move to cable some year and the final four could move over to tbs or tnt next year and thereafter, alternate every other year for cbs. you know, the last big thing the networks have to claim is those huge exclusive one time live events where millions of eye balls tuning in and now they're starting to lose even that. the college football championship series moved over to cable in about 2010, 2011. dagen: how did the ratings change? could they hang on to all viewers they had? dennis: they're getting up there with fox 27 to 30 million range since it moved to espn so cable can bring in just as many as a big broadcast network and cable, you'll remember, has two revenue streams. advertising and it has cable subscriber fees and more systems are charging extra for sports because espn is the most expensive network
: dennis rodman's visit nothing to laugh at now. snow meantime in the midwest with a drought stricken state fair. more ahead. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. >> 23 minutes past the hour, this is your fox news minute. an italian court has sentenced former prime minister to a year in jail for his role in a wiretap scandal. in 2005 in newspaper legally published transcripts of wiretap conversations. he is expected to appeal it will not face jail time during the appeal process. at the vatican, they've received a briefing on the catholic church finances but after four days of meetings the cardinals
, but they could make the announcement tomorrow morning. denny's is dropping its expansion plans in southern china. the company plans to develop this the franchise restaurants over the next 50 years. that is the latest from the fox business network giving you the power to prosper. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take iworldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. connell: rolling right along here on markets now. that was a lot of fun with neil cavuto. let's get serious. our next guest says the careful in terms of how you enter. we have the chief economist from chase private client. >> believe it or not, the economy is improving. that is one of the things that makes me optimistic. even that consumer spending will be weak in the first half, it will accelerate. expenditures will continue to be robust and i also think the housing market recovery is well underway and continue throughout the year. these backdrops are
. dennis: why not take a snow day? much of washington shut down by snow, though the house will vote on extending the budget this hour. but then it will quickly leave for the rest of the week. cheryl: and counter attacking against the cyber threat. our week long series continuing with the c.e.o. of a company with counter attacks against businesses. but at what price? dennis: top of the hour, stocks now every 15 minutes. nicole at the new york stock exchange and the dow keeps going to new highs. >> we saw the dow above that 14,000 mark and setting those record highs only to watch it during the financial crisis drop down to 6500 so a lot of bulls out there are celebrating that not only did we break through those numbers yesterday but also are continuing this trend today with this upper momentum. the nasdaq is pulling back and the s&p 500 virtually flat sitting at 1540. we are seeing a lot of names in the green. bank stocks are doing well. i want to take a look at boston scientific. obviously a popular name in the medical field as doctors have a rare fuse malfunction in the newly implan
will the twinkie be back on the shelves? cheryl and dennis know and they have the story at the top of the next hour. take a look at some of the winners today on the nasdaq. ♪ connell: we are back on what we are loosely calling smoke watch for the next two and a half hours or so. we will be paying somewhat attention to the chapel and the chimney above it to see what type of smoke comes out. earlier today it was black smoke indicating there is no new pope to. between now and 215bm eastern time, we should see some more smoke. if we were about to get it in the next few minutes while we are still on, it most likely would be white. they will burn both of the ballots together so that we will only see the smoke rising together. if the first vote was a yes, you would see the white smoke sooner rather than later. dagen: elizabeth macdonald is here to talk about the federal aviation administration approving boeings plan to redesign the batteries in the 787 dreamliner. liz: this story is deeper than the reports are indicating. they will stress test the batteries before they will allow the planes to be put ba
. that is right. jeff flock will be flexing his lungs shouting over those traders. cheryl and dennis will also be taking your comments on our twitter feed. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline mes take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. ♪ >> hello. we're coming up on noon eastern here on markets now. a lot of breaking news to cover during the hour. first, there was this. over 200,000 jobs added in this country. economists saying we need this every month to keep the economy on track. can we do it? >> the big crop report. farmers, listen up. we're taking your comments on our twitter feed. cheryl: comments already coming in from all of you, and there is this. naysayers be where. those of you concerned about investing in this market will get a dose of happy madison before the next break. dennis: we graywacke -- wrapup this week's cyber threat series. will we see a major cyber attacks? when will that happen
highs in more than a dozen years. cheryl and dennis ahead with a trader who says you have not seen nothing yet. connell: soda ban and reactions ahead from the restaurant and theater association. keep it here. "markets now" continues in justa a mokement. ♪ all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i d
shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. dennis: together again and they said it wouldn't last. cheryl: it is noon eastern time on markets. here's a question for you k. it happen here? cyprus banks remain closed. $13 billion bailout is moving forward at a big cost for deposito depositors. dennis: and buick's brass will talk about the new rollouts at the new york city auto show. cheryl: up, up and away. the home price index seeing the biggest jump in seven years. is it time to believe in this housing recovery? dennis: and former ambassador to the u.n., bill richardson on the cyber threat. are sanctions against china a necessity? we have stocks every 15 minutes. nicole at the floor of the new york stock exchange where the dow is feeling good. >> it is feeling good. you know, i was looking to see at our all-time intra day highs and that was 14,563 and we had gotten close to that. we were within 10 points of that. s&p 500 was within a few points of breaking through its closing highs so you are seeing up we've gotten in economic news to
tomorrow and a new attack, the largest of its kind pulling websites around the world. cheryl and dennis are on top of those stories as "markets now" continues. a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. er ]d my cash back kit shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ the [ male announcer ] how can power conmption ichina, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we undersnd the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary
is limitless. dennis: we're at rally mode and that make me happy. cheryl: good news from china today. it has the balloons and confetti raining down on wall street. it hits the all-time high and then blows right through it and the bulls are still running. dennis: we waited almost 5 1/2 hours for this and we're covering all the an he wills. charles payne is here with us, sandra smith also in the studio with us and we'll begin with nicole on the floor of the new york stock exchange. >> it has been action packed. we've seen a market moving to the all-time record highs. there's obviously skepticism, caution to this market. however, you can't deny that so many people who were hit during the financial crisis are celebrating today on the day where we're back to the levels and beyond that we were at back in 2007. right now you can see the dow jones up about 150 points. that's worth a full percentage point. you're seeing a majority of the dow components into the green. the retail stocks, bank stocks all in the green. hewlett packard is doing well today and also the best of 2013. traders as i noted, so
obama making his case to the american people. i'm dennis kneale here with tracy byrnes. the president still hopeful for compromise, way to come of the smarter cuts than the sequester called for but only if republicans will agree to tax increases yet again after weeks of stoking the big crisis he now says not every american or americans won't feel at all. even strayed into gay marriage for some reason. let's go to wayne rogers one of our contributors and ask what do you think of the president's comments? >> i found the holding of fraud if you will forgive me. that may sound like a drastic word but here's a man talking about the middle class and people who sweep the floors in the white house and the people who are going to lose their jobs. meantime he takes a trip to florida costing $3 million of taxpayer money to play golf with tiger woods. the guy should start at the top. if he really believe this, and i say this to you mr. president, start right there in the white house. mayor bloomberg who runs the city of new york, the largest city of the united states takes $1 year. that is whaa h
wizard of oz. can oz shine at the box office like other remakes before it? let's bring in dennis kneale. we are looking at some other ones that have done well. dennis: cause the great and powerful premiere, hollywood hoping to be great and powerful for raise sagging box office, ticket sales down 15% this year, already the first two hundred million dollar flop in the jack and the giant slayer. hopes are high for this prequel to the 75-year-old film that could do $85 million in the u.s. even more overseas where it opened last night, 27 markets and another 19 cities today. this is technically a prequel, not a remake but let's look at the most successful remakes of all time. look at this. they all came out in 2005-2006. casino royale, war of the world that 590, king kong from the guy who did the lord of the rings trilogy, peter jackson, $550 million. we will see whether this will do well. overall, past week, disney stock up 50% and no one knows better how to turn a good blockbuster movie into billions of dollars and other revenue in the next few years, already at work on the avengers. liz:
'm dennis kneale with your fox business brief. eisnaugle, baby. intercontinental exchange reportedly agreeing to cap fees on soft commodity trading for five years as it tries to win governmental approval of the deal to acquire nyse euronext. according to "the wall street journal" i.c.e. may set up customer committees to advise on the new york stock exchange's soft commodity markets. those moves follow customer concerns about the planned merger between those two exchanges. >>> abg technologies posting its biggest one day drop since going public just over a year ago following news ceo jr smith has resigned. the dutch maker of anti-virus and security software says smith will stay in the position until a successor is named. >>> on the upside stocks modestly higher following a better than expected report on jobs, blue-chips hit intraday high and the dow is up 44 points. liking that. tracy: almost five years since the height of the financial crisis. americans have finally regained the $16 trillion of household wealth that we lost during that recession. that is according to the fed but do m
into affect. gerri: dennis rodman goes to north korea. i can't even begin to express what this was like. >> he said, if you can, dennis, i don't want to do war. that's what president obama said. gerri: the mmn he is describing is kim jong-un. why are we covering this? why is the media examining this and weighing this and thinking about what the impact might be? >> i watched an interview today that was quite alarming. the dennis rodman got closer to the dictator of north korea than any cia operative and i'm going to go with the silver lining. maybe it can help a little, but that dennis rodman should not be trusted with on policy. >> i'm glad that the dictators of north korea like basketball. i'm glad that something we can have in common. i love basketball as well, but i'm not a fan of human rights violations and dictators. gerri: what about the nuclear powers? [talking over each other] [talking over each other] gerri: thank you for coming on tonight, great stuff. we appreciate your time tonight. >> thank you. >> thank you. gerri: racking up points at your favorite hotels? they may not last th
. with us now is dennis archer, former the former mayor of detroit. thank you for coming on. >> thank you. melissa: thank you. melissa: is this what the city needs? coming in to make the decision may not. >> quite frankly, i don't think that is going to be necessary. in my view, the mayor of the city of detroit, ran for the office because they love and care about the city. union employees care about the city. what has not occurred since the consent agreement has been entered into between city council, the mayor, and the governor's office. in my view, they have not sat down at the table and had everything before them and relve the problems and brought the unions in. melissa: it has been one disaster after another. for whatever reason, they cannot pull it off, it's time for some of us to fix the problem. >> let me make this observation. if they do not sit down within the next 20 and 25 days, with the mayor and members of city council, the lead members of the union, and the finance review team that the governor appointed, which was the obligation to take the measure of appointing or having t
of those things. they are not just junk. dennis: i am not as good at wrapping up everything on time as melissa is great but i'm going to bail on you guys and get to the next one. >> okay, we will have time to go to a garage sale be one to cap off a week, tom sullivan has a few words and warnings. >> the stock market has ben bernanke to thank for it. even though the economy is still struggling. ben bernanke is an academic, which means he doesn't have real world experience, but his theory is you will send your money over to the stock market where you might be roughly 0% and then if you see a high stock market, he says he will feel better about the economy. from the gains from your stocks, it will drive the economy even higher. the only problem is that consumer spending power, it hasn't worked. there is a huge disconnect between the stock market and the economy. as long as the fed keeps artificially driving higher, investors will be happier. this will be just another bubble. dennis: be sure to watch the tom sullivan show this weekend. you can catch it at 7:00 p.m. and 10:00 p.m. on sat
put the law on your side. >> i'm dennis kneale with your fox business brief. the bears clawing their way back on wall street today. the dow falling 25 points to end at a ten-day winning streak and eight straight days of record high closes. s&p 500 also pulling back after nearing a record high of its own. >>> the obama membership straugs reportedly eyeing north carolina democratic congressman mel watt as director of the federal housing agency. dow jones says the white house could make a final decision by next month. fha regulates two mortgage giants the government bailed out, fannie mae and freddie mac. >>> as boeing struggles to ex-if the dreamliner the chief executive just got a 20% raise and a regular lear to filing, the aircraft maker says ceo jim mcinerney's compensation jumped 20% in 2012 to $27.5 million. boeing's stock just hit an all-time high. be happy for him. have a great weekend. that's the latest from fox biz david: as you know nevada is the only state in the u.s. allowing legal prostitution in certain counties. the state makes millions in tax revenues from the bro
documentary aims to knock out the nuclear energy industry but is it a lot of hot water? dennis kucinich and his wife elizabeth are behind it. they're here to explain. it is fascinating. you don't want to miss it. visit the doctor, get free groceries. did you hear about this? did the government okay kick backs to lure medicare patients into the office? you've got to hear this one. more "money" coming up. ♪ . all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prosp
, still a long way from 1600. and that rally really came to an end, didn't it? could it be, dennis rodman is the answer for better relations with north korea? i can't -- by the way, the music they're playing is "march of the gladiators" that's what you hear at the circus, right? it's a circus, not liz and charles on the way in, certainly not. the music is apropos, is it not? ♪ >> here is a message from north korea's leader, kim jong un, delivered by dennis radmodman. >> and he wants president to do one thing call him. >> he wants president obama to call him. >> i don't want to do war, he said that to me. >> the former nba player was at north korea to host a basketball game with the harlem globetrotters and met with the north korean dictator and called him, quote, an awesome guy. liz, your comments please. you made a point at the break that the white house had nothing to do with this. a good point. i wonder if he's such an awesome guy did dennis rodman visit the prison camps are people are brutalized? were the basketball game shown in the prison camp? i think you would have asked that.
could move to cable as early as next year. dennis kneale covering this story and joins us now. dennis. >> hello, ashley. kind of a good news, bad news thing for cbs because they're raking in some really good ratings so far in the first week of march madness, the college basketball tournament. cb. is putting out a press release moments ago saying this is some of the highest ratings that the basketball product has brought in over 20 years. just one problem, variety, the trade paper, reports that under cbs's contract with time warner's turner networks the games, the final four in march madness move to cable a at some point. sources telling variety and other publications that could happen as early as 2014. that is next season. that's a blow for cbs as the big broadcasters, the big four have steadily lost audience to the cable dial, the one thing they still control is really, big, exclusive live events you can't see anywhere else. more of those events are defecting over to cable. let's remember in 2011 for the first time the college football championship game ended up going to espn from th
.com. well well are melissa: it's time for a little fun with "spare change." we are joined by dennis kneale and liz macdonald. first up, forbes has released its 2013 list of billionaires and i was not on it. there is a lot of new money on the list. like tory burch and dolce and gabbana. and the first place goes to someone with $72 billion. warren buffett dropped to number four with $53 billion. what the thing? were you surprised by anyone on the list? >> the top guys, you know, i love that tory burch is the second youngest billionaire, right after the woman who invented spanx. melissa: dennis, were you on the list? >> no, but it shows how the rest of the world is taking a part in wealth creation. >> a record number of >> 386 of them are across a check from one of the poorest pockets in the world. melissa: i would love to be dead last on the list. let's try to fix this microphone while we do this next one here. i would love to be behind him on the list anywhere, i'm not denigrating. and next up, losing your job over dancing. check out this video of this work are doing the harlem shake on the
money from the corporation to the employees accounts. dennis: last year the judge ruled against fidelity because they breached a fiduciary trust and fidelity was fined over $1 million for this. this seems to be almost commonplace. is this just business as usual in the industry? >> it is to a certain degree. 401k disclosure is something that we have talked about in the past year and is something that has also come to light last year. transparency of 401k is supposed to be making its way through the industry. dennis: they are always taking a little bit of our money and putting it in their own pocket. >> that is right. you have mentioned the word judiciary, i brought with me to 100-dollar bills and you are in charge of making sure that you have made the right decisions. if you choose this over the 100, you have broken your responsibility. gerri: you're supposed to do the best you can for your clients at all times. we believe that the practices are consistent with the law and fair to all parties and we provide valuable services to 401k clients for whom fidelity services is a recordkeeper and
. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. dennis: i'm dennis kneale kneale with your fox business rates. cyprus has a country rattling wall street. traders were the drastic move to the bailout might read them in stock down for much of the day after hitting new record highs earlier today. the senate banking committee chairman reportedly won't run for reelection next year. according to dow jones, he plans to announce his retirement tomorrow. his office said a press conference for tomorrow afternoon. if you wish here's a believe in open seat on the banking committee. johnson & johnson recalling more than 2 million blood glucose meters worldwide. centimeters failed to operate properly at extremely high glucose readings. that's when outside u.s. and no direct link to the meter has been determined. now continuing our "countdown to the closing bell" with liz claman. liz: it is the battl battle of e titans, let's be honest, but the bidding war for dell is powering up. nicole: michael dell stepping into the ring with his bid 24.4 billion now of course y
/reward. take on more risk. you're rewarded more hand somely. melissa: you're wild and crazy. lori: dennis kneale we're office neighbors. he is an eternal bull. melissa: i like that. more patience, more money. states grappling how to implement president obama health care overhaul. lori: no love lost, between at&t and t-mobile, the companies were once set to merge. now they're launching an all-out attack against each year. >> yield on the 10-year is rising. we'll be right back. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >> i'm dennis kneale with your fox business brief. stocks flipping from record territory on concerns from the global economy. the blue-chips pulled back from five-year highs. the dow is down 14 points at 14,075. >>> irish drugmaker elan will offer a 20% cash dividend linked to the performance of hits multiple sclerosis treatment. but the payout is contingent on a deal with biogen
on. neil: you know, the argument goes something like this, denny, enough warnings about bad stuff happening. well, eventually, you'll have bad stuff happening; right? they go back to republicans, sequesteration. >> kneel, it's -- this administration and several of our leaders in congress today always seem to want to find somebody else to blame. if it's george bush, if it's the republicans in congress, if it's sequesteration, this is crazy. i mean, when do we start to realize that you cannot blame somebody for everything that goes wrong and take credit for everything that happens that's positive? that's what this administration is doing. neil: but it's a bigger issue here where there's just no appetite to address spending; right? especially when so many, harry reid included, say we don't have a spending problem. how do you argue? sort of like the alcoholic who doesn't admit he's an alcoholic. you're an alcoholic. >> how can we not have a spending problem? neil: i know. by saying we don't, we acknowledge the severity of it, and at the least, you don't do anything about it p on the p
not sure. i feltment say way with dennis rodman's interview. the idea there is no crisis there is obviously a disconnect. the there is a crisis. the president keeps saying if we don't figure out how to shuffle out trillion necessary u.s. economy and fight global warming because it gets one degrees warmer in the next hundred yearings. the clock never stops moving and it is an immediate crisis and high suld be honest about that. >> dagen, he saying in and of itself, the balanced budget is not the goal. it is getting to that, but not at the expense of bla, blarks. >> and in saying that and spending not being a problem and hearing henry reid saying don't touch entitlementings and nancy pelo saying don't raise the retirement age and sh allings id we don't have a spending problem . i put it together. >> right. my fave rilt little, to the president was hundred billion in new infrastructure spending that is in the budget . they are freely raising new revenue through taxes in this budget. it is like one and half trillion dollars in tax revenue . that is on top. 600 billion in higher taxes this yearn
companies are ready to jump in. dennis kneale on the push for online wagering next. ♪ . all stations come over to mission a for a final go. this is for real this time. step seven pointtwo one. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >> good afternoon, everyone, i'm sandra smith with your fox business brief. it is a bearish day on wall street, putting the dow's 10-session run in jeopardy. the s&p 500 is also backing off from its near record closing high. even as the point gone faces budget cuts and forced employee furloughs the department spends nearly a billion dollars a year on unemployment benefits for former troops who left the military voluntarily. eligibility for military compensation requires only that a person serves in uniform and was honorably discharged. >>> if you didn't bother filing a federal tax return for 2009 you could be missing out. the irs says it will claim $917 million in uncl
us all-star panel of guests. we have former mike duggar and dennis kucinich. we have tracy byrnes and charles payne here in the studio. nicole petallides at new york stock exchange. and we have jeff flock at the cme. wow, that is a lot of people. michael cox, give me your reaction to the economic forecast and to the decision? >> i still think they're forecasting growth a little too high. if you look the growth is 1.4%. doesn't see any reason for pickup from there. i'm most worried about the bubble that the fed is creating in assets or the stock market. the stock market, any rational pricing of stocks, level. dow depends on gdp growth, it depends on interest rates and depends on the tax rate. interest rates have nowhere to go but up. and by my calculations each one percentage point increase inside 10-year treasury note rate will cause a nine to 10% decline in the stock market. so the present discounted value of expected future returns goes down when interest rates go up. i think is the fed is painting us into a corner and themselves into a corner with historically low interest rate
somewhere in the united states, dennis rodman is not only going to learn to regret this himself, personally, but somebody may bring charges. this is an enemy of the united states. i'm sorry, dennis, you're a free by, do what you want, but -- >> crazy off the rocker insane. >> that sounds reg. as we wait to see what, if any, impact we have, there's scare tactics from the white house. >> of all the hysteria about the imlaps of life as we know it, transportation secretary was hysterical, the one who said don't by a toyota because it could run away with you in it, turns out, nothing was wrong with the car. now threatens closing control towers but in the pilot communityings of which i'm one, the blogs are full of laughter. in fact, there's some -- mostly support for the idea, actually, but there's approximately 5,000 airports scattered around the country. most of them do not have a control tower. the towers are mostly in bigger cities, and, somehow, planes come and go with great safety record. there's a long established procedure pilots used when approaching or departing an airport w
just say that? huh-- what is he doing? >> i'm dennis kneale with your fox business brief. this just in, turns out stocks can't go up forever. the blue chips on track to end a 10-day win streak and eight straight days of record high closes for the dow. the s&p 500 also pulling back after almost hitting a record high there. retail sales for new video games fell again in february adding to more than a year of declines. researcher npd group says sales of video game hardware, soft wear accessories dropped 25% in february from a year ago. worst hit was the hardware sector. customers waiting for the sony playstation 4 and a lot of gamers are moving online with no console at all. and to it ya recalling 310,000fj cruiser sport utility vehicles worldwide. front seat belt retractors could fall off, years 2007-302013. the japanese automaker says no accidents or injuries have been reported. toyota will notify owners by mail. now we continue our "countdown to the closing bell" with the fabulous cheryl casone. finish. cheryl: oh, dennis. all right, two once-dominant internet names are seeing their pr
shot today over my house. i'm sure there's others that you have. anyway, dennis rodman met with north korea kim jung un who is now vowing to drop bombs on us? coincidence? why this guy goes nuclear, it's all so much on rodman. ♪ @í [ male announcer ] when you wear dentures you may not know that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >> he's an awesome kid. he's an awesome guy. he's awesome, the one thing about the relationship, no one man can do anything, not one man. neil: all right. all i'm going to say here is so much for hoop diplomacy. he called kim jung g un a pal. especially after promising to nuke the united states after wining and dining perhaps the most bizarre celebrity from the united states which proves to our own steven crowder that one celebrity chaping herself to a white house fence is one thing, two's a crowd, or a crowder. i don't know. steven, what do you make of this whole thing? >> well, first off, i apprec
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